Mandatory Disclosures – NBC Institute

CR – Nov 2017 – L3 – Q7 – Regulatory Environment for Corporate Reporting

Outline the components of an annual report, with advantages and limitations of mandatory and voluntary disclosures.

Question

Corporate reporting by listed companies in Nigeria is evidenced by the annual report, defined as a comprehensive report on a company’s activities throughout the preceding year.

The directors of Mugono Plc would like to understand the content of an annual report but are unsure about the difference between mandatory and voluntary disclosures within the report.

Required:
Write a report to the directors of Mugono Plc:

Highlighting the components included in an annual report.
(4 Marks)
Showing the following:
- i. THREE advantages of mandatory disclosures in the annual report (3 Marks)
- ii. FOUR advantages of voluntary disclosures in the annual report (4 Marks)
- iii. TWO limitations of information provided on a voluntary basis (2 Marks)

(For clarity in presentation)
(2 Marks)

Total: 15 Marks

Answer

Find Related Questions by Tags, levels, etc.

Tags: Annual Report, Corporate Governance, Mandatory Disclosures, Reporting Standards, Voluntary Disclosures
Level: Level 3

Topic: Regulatory Environment for Corporate Reporting
Series: NOV 2017

CR – Nov 2017 – L3 – Q7 – Regulatory Environment for Corporate Reporting

Outline the components of an annual report, with advantages and limitations of mandatory and voluntary disclosures.

Question

Corporate reporting by listed companies in Nigeria is evidenced by the annual report, defined as a comprehensive report on a company’s activities throughout the preceding year.

The directors of Mugono Plc would like to understand the content of an annual report but are unsure about the difference between mandatory and voluntary disclosures within the report.

Required:
Write a report to the directors of Mugono Plc:

Highlighting the components included in an annual report.
(4 Marks)
Showing the following:
- i. THREE advantages of mandatory disclosures in the annual report (3 Marks)
- ii. FOUR advantages of voluntary disclosures in the annual report (4 Marks)
- iii. TWO limitations of information provided on a voluntary basis (2 Marks)

(For clarity in presentation)
(2 Marks)

Total: 15 Marks

Answer

Find Related Questions by Tags, levels, etc.

Tags: Annual Report, Corporate Governance, Mandatory Disclosures, Reporting Standards, Voluntary Disclosures
Level: Level 3

Topic: Regulatory Environment for Corporate Reporting
Series: NOV 2017

Question Tag: Mandatory Disclosures

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CR – Nov 2017 – L3 – Q7 – Regulatory Environment for Corporate Reporting

Outline the components of an annual report, with advantages and limitations of mandatory and voluntary disclosures.

CR – Nov 2017 – L3 – Q7 – Regulatory Environment for Corporate Reporting

Outline the components of an annual report, with advantages and limitations of mandatory and voluntary disclosures.

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CR – Nov 2017 – L3 – Q7 – Regulatory Environment for Corporate Reporting

Outline the components of an annual report, with advantages and limitations of mandatory and voluntary disclosures.

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Outline the components of an annual report, with advantages and limitations of mandatory and voluntary disclosures.

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